Public Company News

Everest Metals has completed a swag of deals to formally acquire 51 per cent of the Mt Edon lithium project and the Revere gold project. The package includes joint ventures across both projects with the privately-owned Entelechy Resources, along with farm-in deals and royalty agreements. The arrangements allow Everest to move towards 100 per cent ownership.

Surefire Resources is one step closer to obtaining a mining licence at its Victory Bore vanadium project in WA’s Mid West with a baseline environmental study revealing no hurdles in the approvals process. The junior mineral explorer is sitting on one of Australia’s biggest undeveloped deposits of vanadium with a resource of 321 million tonnes averaging 0.39 per cent vanadium pentoxide.

Allup Silica has etched out an exploration target of five to seven million tonnes grading between 98 and 99 per cent silica at its Sparkler C sand project in WA’s Great Southern region. The freshly-minted JORC-compliant exploration target adds weight to the company’s nearby Sparkler A mineral resource estimate of 70 million tonnes at 96.84 per cent silicon dioxide.

Lindian Resources has tabled some of its best assays from drilling at its Kangankunde project in Malawi, with results going up to 13.89 per cent TREO. The company says the average grade of the rare earths critical metal elements, neodymium and praseodymium, was 20 per cent TREO. Three holes went more than 3 per cent TREO across intersections running 150m or more from surface.

Airborne magnetic and radiometric surveying at Venus Metals’ Mangaroon North rare earths project in WA’s Gascoyne region has identified high-priority rare earths carbonatite rock targets along a crustal structure. Eight ironstone-hosted rare earths targets, considered similar to Hastings’ Yangibana and Dreadnought’s Mangaroon-Yin projects, were identified over a 10km strike by the survey.

Javelin Minerals has highlighted a slew of follow-up drill targets at its Husky project in NSW after receiving geochemically-elevated results for multiple minerals from a recent air-core program at the site. The company has already started an RC drill campaign of 10 holes at the project to test the new geochemical features at depth.

BMG Resources has delivered an impressive 518,000-ounce maiden gold resource from an 11.1-million-tonne haul at 1.45 grams per tonne gold at its Abercromby gold project near Wiluna. The company says mineralisation at its Capital gold deposit starts at surface and continues along strike outside the resource footprint, adding considerable potential. The project is on granted mining leases, providing an expedited pathway to mining approvals.

ASX-listed biotech Radiopharm Theranostics has secured the supply of a valuable isotope that will enable the company to soon kick off a human trial of a treatment designed to tackle brain cancer. Management says the isotope, Therbium-161, boasts great promise in helping to expand treatment options for patients living with cancer – but it is in short supply.

ChemX Materials has started building a maiden resource foundation with impressive first assay results from drilling at its South Australian deposit, including a 6m hit grading 18.5 per cent manganese from 9m. The company says it has now received data from 39 holes of its 94-hole campaign, which targeted the high-grade manganese that can be efficiently converted to high-purity manganese for the electric battery market.

Altech Batteries has unveiled a stunning first look at its cutting-edge Silumina Anodes pilot plant in Germany after completing the construction of its laboratory, power supply and wet-circuit infrastructure. The company’s patented high-capacity and high-purity alumina-coated silicon and graphite anodes are designed for use in lithium-ion batteries. Its pilot plant is due to be scaled up to a 10,000 tonnes per annum production facility.

WA-focused explorer Kairos Minerals has become a multi-listed trader after joining the United States’ OTCQB venture market. The company started trading at market opening on April 6 under the ticker “KAIFF”. Created in 2010, the OTCQB is the middle tier of the over-the-counter market for US shares. The company says the move will provide exposure to US investors without impacting its ASX listing.

Auric Mining has drilled widespread sulphides and quartz veining over a 500m-long trend around an intensely-worked alluvial gold mine at Miitel South, near the abandoned WA town of Widgiemooltha. The best result in assays from three RC holes was 2m at 2.84 grams per tonne gold from 39m. It was part of a zone of widespread quartz veining and disseminated pyrite.